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U.S. producer prices soared in May at their fastest pace in six months, a government report showed, led by higher energy and food prices while pressures accelerated deeper in the production pipeline, a sign inflation remains a threat.

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The inflation rate in Russia is higher than expected but food prices have not been growing as fast as internationally, President Dmitry Medvedev has said.

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Higher energy and food prices continued to push up U.S. producer prices in June, a government report showed in a sign that inflation threats are alive and well.

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The rate of consumer-price inflation in the developed world surged to an eight-year high in June as energy and food prices soared, data from the Organization for Economic Cooperation and Development showed Tuesday.

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BEIJING (Dow Jones)--McDonald's Corp. (MCD) Chief Executive Jim Skinner said Thursday he doesn't expect the company to suffer significant margin erosion despite rising food prices worldwide.

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